VAN BALEN v. PEOPLES BANK & TRUST CO.

No. CA 81-162.

626 S.W.2d 205 (1981)

Frank G. VAN BALEN and Betty A. Van Balen, Appellants, v. PEOPLES BANK & TRUST COMPANY, Appellee.

Court of Appeals of Arkansas.

Rehearing Denied January 20, 1982.


Attorney(s) appearing for the Case

Rose Law Firm by Thomas P. Thrash and Herbert C. Rule, III, Little Rock, for appellants.

Young & Finley, Russellville, for appellee.


CRACRAFT, Judge.

Appellants, Frank G. Van Balen and Betty A. Van Balen, appeal from a decree of the Chancery Court of Johnson County in which judgment was entered against them as guarantors of defaulted notes executed by Virginia Fiberglass Products, Inc., a bankrupt third party, to the appellee, Peoples Bank & Trust Company, in which proceeding Virginia Fiberglass Products, Inc. was not a party and no relief was prayed or granted against it.

Appellants...

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